Council OKs funds for affordable housing projects | November 18, 2011 | Mountain View Voice | Mountain View Online |

Mountain View Voice

News - November 18, 2011

Council OKs funds for affordable housing projects

by Daniel DeBolt

The largest addition to the city's affordable housing stock in recent memory got its start on Tuesday after City Council members set aside $10 million in funding for three projects.

This story contains 366 words.

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Email Daniel DeBolt at ddebolt@mv-voice.com

Comments

Posted by downtown neighbor, a resident of Old Mountain View
on Nov 22, 2011 at 8:20 am

The city council says residents making less than 60% of the median income, which is about 20% of us, 'need' government run housing. The money to eventually take over this fifth of our housing stock is collected by making all housing more expensive - that's right, the city makes housing more expensive so they can 'claim' they are making it cheaper!

Housing is expensive because supply is not meeting demand. Naturally developers would want to build more housing to make money by meeting demand, BUT the city says NO - they say: if you want to build housing you need to give us lots of money in housing development taxes. A few developers pay the tax, but most build office or commercial space instead.

So today, even though there are vacant office buildings everywhere, developers build more offices, while the city council hands over tens (soon hundreds) of millions of dollars to their 'cozy' out-of-town developer.

The system is messed up. Some of us have spoken up, but more need to.


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